Very pleasing announcement. Not that it wasn't already but Fungoni a certainty pending mining licence approval. That's not the important part which is the nature of the party, Wensheng, making the Take Or Pay commitment. It looks like we have a top level customer there who seems to be moving to secure supply of good quality zircon. I'm told they are one of the offtake commitments that SFX hold as well. If they still have more capacity then this might be our avenue to getting Coburn moving which would be a major rerating factor if achieved.
Good finish to the day as well. I thought we might pull back given we gapped this morning with indicators suggesting overbought so I traded a portion accordingly, aiming to buy back. I may have that decision wrong after seeing we still got some buying through late. Frankly, with the wide open nature of the charts, I should have left things alone.
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Very pleasing announcement. Not that it wasn't already but...
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